This small loan is requested by three members, all residents in Norea Commune, Battambang Province, Cambodia. Mrs. H. is 53 years old and she currently sells various kinds of fruits in the village, earning around $2 each day. She is married to Saveit, 50, who is a construction worker. They now have four children, two of whom are studying and the others are married. To make the family's transportation easier, H. has requested a loan to buy a motorbike for family use and for their children to ride to work.
The other two borrowers are:
S. is in the technician staff for a company and he is requesting a loan to buy a motorcycle for riding to work.
K. is a local carpenter and he is applying for a loan for his carpentry business.
Hattha Kaksekar Limited is one of the largest and most successful microfinance institutions (MFIs) in Cambodia. The organization provides microfinance services to the poor, particularly women, in urban and rural areas. Kiva lenders’ funds will be used to expand the outreach of HKL’s financial services to a greater number of clients in rural areas of Cambodia.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.